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Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia


Citation

Saari, Mohd Yusof and Hassan, Azman and Abd Rahman, Muhammad Daaniyall and Mohamed, Azali (2014) Evaluation of the relative performance of RAS and cross-entropy techniques for updating input-output tables of Malaysia. Malaysian Journal of Economic Studies, 51 (2). pp. 217-229. ISSN 1511-4554

Abstract

The growing interest in applied general equilibrium models for policy analyses increases the demand for up-to-date input-output tables. Constructing survey-based input-output tables for a recent year is costly and time-consuming. These constraints have led to the emergence of non-survey updating techniques. In this paper, the relative performance of two prominent non-survey techniques designed to update input-output tables, the RAS and cross-entropy, is compared. Results show that the cross-entropy technique is superior to the RAS regardless of the size of matrices. For both techniques, our analyses suggest that the accuracy of estimates improves with a high level of sectoral aggregation.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics & Administration, University of Malaya and Malaysian Economic Association
Keywords: Cross-entropy; Input-output; RAS; Updating techniques
Depositing User: Nabilah Mustapa
Date Deposited: 14 Sep 2015 11:02
Last Modified: 27 Jan 2016 01:34
URI: http://psasir.upm.edu.my/id/eprint/37543
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